Zomato raises $5mn from Pacific Horizon Investment Trust

Gurugram-based foodtech unicorn Zomato recently announced that it has raised $5mn in its Series J funding round.

The funding round was led by Pacific Horizon Investment Trust PLC through its agent Baillie Gifford and Company.

According to company regulatory filing, Pacific Horizon has been allotted 1,177 Compulsorily Convertible Cumulative Preference Shares (CCCPS). Each of these Class J2 CCCPS was issued at $4,245.56 per share. The nominal amount per security is Rs 6,700.

Post the fund infusion, Zomato’s valuation stands at around $3.25bn. Recently, Zomato’s direct rival Swiggy had also raised $43mn in Series I funding round at a valuation of $3.65bn.

Zomato had earlier raised $150mn in January this year from its existing investor Ant Financial.

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